Constellation Brands Reports Fiscal Year and Fourth Quarter 2024 Financial Results and Fiscal Year 2025 Outlook
Wine Business
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1w ago
Apr 12, 2024 — Constellation Brands, Inc. (NYSE: STZ), a leading beverage alcohol company, reported today its fiscal year and fourth quarter 2024 financial results and fiscal year 2025 outlook. A conference call to discuss the financial results and outlook will be hosted by President and Chief Executive Officer, Bill Newlands, and Chief Financial Officer, Garth Hankinson, on Thursday, April 11, 2024 at 10:30 a.m. EDT. Visit ir.cbrands.com to locate information for joining the conference call, or a live, listen-only webcast of the conference call ..read more
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Russia Seizes Country's Largest Winemaker Amid Re-Nationalization Wave
Wine Business
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1w ago
Apr 12, 2024 — Russia has nationalized the country's largest winemaker linked to an arrested billionaire whose business assets were confiscated earlier this year, the RBC news website reported Thursday, citing the tax service's corporate database. Kuban Vino, which produced 95.5 million bottles of wine in 2023, was reportedly one of four nationalized wine and food companies that were previously owned by the Chelyabinsk-based agricultural holding Ariant ..read more
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Winemaker Noël Schaff Turned Farmer Goes Green, Sustainable -- and Vertical
Wine Business
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1w ago
Apr 12, 2024 — Schaff owns and runs Cardona Farms, an automated hydroponic container farm that has no dirt, no pesticides and uses only 85 gallons of water per month. Yet it packs a punch, producing the equivalent of 2.5 acres of planting space, she said ..read more
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'Serious possibility' that Fed's next rate move is a hike, warns Larry Summers
Wine Business
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1w ago
Apr 12, 2024 — Summers' remarks, in an interview Wednesday with Bloomberg Television, came after the March consumer-price index showed a hotter-than-expected inflation reading ..read more
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Constellation Brands CEO explains sales weakness in wine and spirits: 'we spread ourselves a little too thin'
Wine Business
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1w ago
Apr 12, 2024 — "We're going to put a lot more focus on the critical brands, brands like the Prisoner, and Meiomi, and High West, and Mi Campo, We're also going to make sure that we focus our attention on execution," Newlands said. "I think we spread ourselves a little too thin in the past year." Newlands expressed confidence in Sam Glaetzer, the new leader of Constellation Brands' wine and spirits business ..read more
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What Are Chinese Wine Importers Seeking in Australian Wines in Post-tariff Era?
Wine Business
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1w ago
Apr 12, 2024 — Since the removal of punitive tariffs on Australian wines two weeks ago, many Chinese importers have reignited their interest in Australian wines, kicking off the purchasing process once again ..read more
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Sustainable WA Partners with Salmon-Safe for Dual Vineyard Certification
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1w ago
Apr 12, 2024 — Vineyards can now achieve both Sustainable WA and Salmon-Safe certification simultaneously ..read more
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Kim Stemler is Leaving Wine Growers Organization for Carmel Foundation
Wine Business
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1w ago
Apr 12, 2024 — Kim Stemler, executive director of the Monterey County Vintners and Growers Association, is leaving the position after nearly 11 years to take on a new leadership role as the CEO/president of the Carmel Foundation. She officially assumes her new job on May 1 ..read more
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Fifty Years of Winemaking and 35 Years with his Namesake Brand: Tom Eddy Wines
Wine Business
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1w ago
Apr 12, 2024 — Tom Eddy's new assistant winemaker is Gabriel Altamura, most recently the enologist for JH Wine Consulting in Napa Valley. Altamura has a degree in enology and viticulture from UC Davis, and is a Napa native with experience at Groth Vineyard and Laird Estate ..read more
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Château Cantemerle: 'The 2023 is a Good Indication of Where the Estate is Going'
Wine Business
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3w ago
Apr 4, 2024 — After joining Château Cantemerle from five years as deputy general manager of Château Angélus in 2021, it is perhaps no surprise that Laure Canu, who trained as a lawyer in Paris before completing a Master's degree specialising in Wine and Spirits Management, brings some ideas to shake things up at the the fifth growth chateau in Haut Medoc. One of the oldest properties in Bordeaux, it can date its history back to the 12th century. Last year Colin Hay's gave the chateau a glowing review for the 2022 vintage, promising that this was the start of things to come. And Canu clearly ag ..read more
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